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Israel Plans Negev Investments of $250 Millions, Eshkol Tells Bond Drive

The Israel Government is planning to invest $250,000,000 for development in the Negev region alone in the next five years, Levi Eshkol, Israeli Finance Minister, today informed Dr. Joseph J. Schwartz, executive vice-president of the Israel Bond Organization.

Mr. Eshkol mentioned the Negev plan which, he said, will be effected in addition to other Israel economic projects, in congratulating the Bond Organization upon having reached the half-billion-dollar mark in sales since the first bond drive was launched in this country 10 years ago.

Three hundred delegates from the United States, Latin America and Canada will assemble in Israel, from July 25 to August 3, to celebrate the Bond organization’s tenth anniversary, Dr. Schwartz announced. During the parley, they will meet with leaders of virtually every phase of Israeli life, including President Yitzhak Ben-Zvi, Prime Minister David Ben-Gurion, Mr. Eshkol and Foreign Minister Golda Meir.